Smart Building Market by Automation Type (Energy management, Intelligent security systems, Infrastructure management, and Network & communication management), By Service (Professional services and Managed services), and for Applications (Commercial, Residential, Government, Airports, Hospitals, Institutes, Manufacturing & Industrial facilities, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Description

Report Brief

• The report covers the forecast and analysis for the smart building market on a global and regional level.
• The report includes the positive and the negative factors that are influencing the growth of the market.
• Future market opportunities and detailed information about the market are discussed.
• The revenue generated by the prominent industry players has been analyzed in the report.
• The market numbers have been calculated using top-down and the bottom-up approaches.
• The smart building market has been analyzed using Porter’s Five Forces Analysis.
• The market is segmented on the basis of automation type, service, and application which in turn is bifurcated on a regional level as well.
• All the segments have been evaluated based on the present and the future trends.
• The report deals with the in-depth quantitative and qualitative analyses of the smart building market.
• The report includes the detailed company profiles of the prominent market players.

Market Summary

A smart building is any type of infrastructure that makes use of automation in order to control the operations of the building which can be anything such as ventilation, lighting, heating, air conditioning, security, and much more. To do all this actuators, sensors, and microchips are used within the building to collect the data and accordingly manage the services and functions. Such type of infrastructures help the operators, owners, and facility managers to enhance the asset performance and reliability, which leads to space optimization, minimizes the energy utilization, and reduces the environmental impact of buildings.

Value

The global smart building market was valued at around USD 5,800 million in the year 2016 and it is expected to reach approximately USD 61,900 million by 2024. The global smart building market is expected to exhibit a CAGR of more than 34% between 2017 and 2024.

Drivers and Restraints

The major factor driving the growth of smart building market is the globally increasing concerns about the energy consumption. The utilization of energy is increasing at a rapid rate thus making it necessary to find efficient ways to utilize it wisely. Since there has been an increase in the number of commercial complexes that consumes a significant amount of electricity and other types of energy the requirement for the automation systems has increased. 

High initial investment is required for developing, designing, and installing systems coupled with the increased technical knowledge these factors are expected to limit the growth of the market.

Segmentation

Intelligent security systems are most widely used automation type in smart buildings. Intelligent security management system results in much lower operational costs and increased energy savings through automated energy conservation features. Rising security concerns and the latest technological advancement and reliability that is provided by the intelligent security systems is increasing its demand in the global market.

Professional services segment contributed more than 50% of the market share in 2016. The professional services segment is expected to retain its dominance in the forecast period. Professional services offer consultation and training activities by understanding the organization requirements, technical goals, and the challenges. Thus it helps the organizations to find effective ways to resolve their challenges. 

Commercial buildings include office buildings, retail infrastructures such as malls, shopping stores, and others. All these buildings have huge utilization of energy and require high-tech security systems thus commercial buildings have increased utilization of the automated systems. The commercial buildings segment accounted for the largest share in 2016 and is expected to retain its dominance throughout the forecast period. The commercial building segment is anticipated to register CAGR of approximately 34% during the forecast period. Increasing energy-saving concern in order to reduce the operational cost will drive the growth of this segment.

Europe holds the dominant position in the smart building market followed by North America and Asia Pacific. The factors that are driving the market in Europe are high adoption rate of the technological advancements and improved and favorable government initiatives to build smart and intelligent structures. It is anticipated that Asia Pacific will grow with the highest CAGR of approximately 35% between 2017 and 2024. The factors that are positively affecting the growth of the market in Asia Pacific are increasing disposable income, growing commercial infrastructures, and rising adoption of advanced automated technologies, especially in the developing regions.

Industry Players

The report includes detailed profiles of the prominent market players that are trending in the market. The list of the players that are compiled in the report is Siemens AG, ABB Group, Cisco Systems, Schneider SE, United Technologies Corporation, Buildingiq, Inc., Honeywell International, IBM Corporation, Johnson controls, and Delta Controls, among others.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In October 2017, Schneider Electric had launched EcoStruxure Building, a new platform designed to support the management of smart buildings.

Table Of Content

• Chapter 1. Introduction
  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology
•  
• Chapter 2. Executive Summary
  • 2.1. Global smart building market, 2014 - 2024 (USD Million)
  • 2.2. Global smart building market: Snapshot
•  
• Chapter 3. Smart building- Market Dynamics
  • 3.1. Introduction
  • 3.2. Market drivers
    • 3.2.1. Uptake of Building Energy Management Systems
    • 3.2.2. Concern about energy efficiency
  • 3.3. Market Restraints
    • 3.3.1. High initial cost investments
  • 3.4. Opportunities
    • 3.4.1. IoT Commercial Energy Management
  • 3.5. Porter's five forces analysis
    • 3.5.1. Bargaining power of suppliers
    • 3.5.2. Bargaining power of buyers
    • 3.5.3. The threat of new entrants
    • 3.5.4. The threat of new substitutes
    • 3.5.5. Degree of competition
  • 3.6. Market attractiveness analysis
    • 3.6.1. Market attractiveness analysis, by automation segment
    • 3.6.2. Market attractiveness analysis, by services segment
    • 3.6.3. Market attractiveness analysis, by applications segment
    • 3.6.4. Market attractiveness analysis, by regional segment
•  
• Chapter 4. Global Smart building market- Competitive Landscape
  • 4.1. Company Market Share Analysis
    • 4.1.1. Global smart building market: company market share, 2014
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions & Mergers
    • 4.2.2. New Therapy Launch
    • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.2.4. Research and Development, Therapy and Regional Expansion
•  
• Chapter 5. Global Smart building market- Automation Segment Analysis
  • 5.1. Global smart building market: Automation type overview
    • 5.1.1. Global smart building market revenue share, by automation, 2014 and 2024
  • 5.2. Energy management
    • 5.2.1. Global Energy management market, 2014 - 2024(USD Million)
  • 5.3. Intelligent security systems
    • 5.3.1. Global Intelligent security systems market, 2014 - 2024(USD Million)
  • 5.4. Infrastructure management
    • 5.4.1. Global Infrastructure management market, 2014 - 2024(USD Million)
  • 5.5. Network & communication management
    • 5.5.1. Global Network & communication management market, 2014 - 2024(USD Million)
•  
• Chapter 6. Global Smart building market- Services Segment Analysis
  • 6.1. Global smart building market: Services type overview
    • 6.1.1. Global smart building market revenue share, by services, 2014 and 2024
  • 6.2. Professional services
    • 6.2.1. Global Professional services market, 2014 - 2024(USD Million)
  • 6.3. Managed services
    • 6.3.1. Global Managed services market, 2014 - 2024(USD Million)
•  
• Chapter 7. Global Smart building market- Application Segment Analysis
  • 7.1. Global smart building market: Application overview
    • 7.1.1. Global smart building market revenue share, by Application, 2014 - 2024
  • 7.2. Commercial
    • 7.2.1. Global smart building market for Commercial, 2014 - 2024 (USD Million)
  • 7.3. Residential
    • 7.3.1. Global smart building market for Residential, 2014 - 2024 (USD Million)
  • 7.4. Government
    • 7.4.1. Global smart building market for Government, 2014 - 2024 (USD Million)
  • 7.5. Airports
    • 7.5.1. Global smart building market for Airports, 2014 - 2024 (USD Million)
  • 7.6. Hospitals
    • 7.6.1. Global smart building market for Hospitals, 2014 - 2024 (USD Million)
  • 7.7. Institutes
    • 7.7.1. Global smart building market for Institutes, 2014 - 2024 (USD Million)
  • 7.8. Manufacturing & Industrial facilities
    • 7.8.1. Global smart building market for Manufacturing & Industrial facilities, 2014 - 2024 (USD Million)
  • 7.9. Other
    • 7.9.1. Global smart building market for Other, 2014 - 2024 (USD Million)
•  
• Chapter 8. Global Smart building market- Regional Segment Analysis
  • 8.1. Global smart building market: Regional overview
    • 8.1.1. Global smart building market revenue share, by region, 2014 and 2024
  • 8.2. North America
    • 8.2.1. North America smart building market revenue, by automation, 2014 - 2024 (USD Million)
    • 8.2.2. North America smart building market revenue, by services, 2014 - 2024 (USD Million)
    • 8.2.3. North America smart building market revenue, by applications, 2014 - 2024 (USD Million)
    • 8.2.4. North America smart building market revenue, by Country, 2014 - 2024 (USD Million)
    • 8.2.5. U.S.
      • 8.2.5.1. U.S. smart building market revenue, by automation, 2014 - 2024 (USD Million)
      • 8.2.5.2. U.S. smart building market revenue, by services, 2014 - 2024 (USD Million)
      • 8.2.5.3. U.S. smart building market revenue, by applications, 2014 - 2024 (USD Million)
    • 8.2.6. Rest Of North America
      • 8.2.6.1. Rest Of North America smart building market revenue, by automation, 2014 - 2024 (USD Million)
      • 8.2.6.2. Rest Of North America smart building market revenue, by services, 2014 - 2024 (USD Million)
      • 8.2.6.3. Rest Of North America smart building market revenue, by applications, 2014 - 2024 (USD Million)
  • 8.3. Europe
    • 8.3.1. Europe smart building market revenue, by automation, 2014 - 2024(USD Million)
    • 8.3.2. Europe smart building market revenue, by services, 2014 - 2024(USD Million)
    • 8.3.3. Europe smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.4. Europe smart building market revenue, by Country, 2014 - 2024(USD Million)
    • 8.3.5. Germany
      • 8.3.5.1. Germany smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.5.2. Germany smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.5.3. Germany smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.6. UK
      • 8.3.6.1. UK smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.6.2. UK smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.6.3. UK smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.7. France
      • 8.3.7.1. France smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.7.2. France smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.7.3. France smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.8. Italy
      • 8.3.8.1. Italy smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.8.2. Italy smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.8.3. Italy smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.9. Spain
      • 8.3.9.1. Spain smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.9.2. Spain smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.9.3. Spain smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.3.10. Rest of Europe
      • 8.3.10.1. Rest of Europe smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.3.10.2. Rest of Europe smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.3.10.3. Rest of Europe smart building market revenue, by applications, 2014 - 2024(USD Million)
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific smart building market revenue, by automation, 2014 - 2024, (USD Million)
    • 8.4.2. Asia Pacific smart building market revenue, by services, 2014 - 2024, (USD Million)
    • 8.4.3. Asia Pacific smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.4.4. Asia Pacific smart building market revenue, by Country, 2014 - 2024(USD Million)
    • 8.4.5. China
      • 8.4.5.1. China smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.4.5.2. China smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.4.5.3. China smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.4.6. Japan
      • 8.4.6.1. Japan smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.4.6.2. Japan smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.4.6.3. Japan smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.4.7. India
      • 8.4.7.1. India smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.4.7.2. India smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.4.7.3. India smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.4.8. South East Asia
      • 8.4.8.1. South East Asia smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.4.8.2. South East Asia smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.4.8.3. South East Asia smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.4.9. Rest of Asia Pacific
      • 8.4.9.1. Rest of Asia Pacific smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.4.9.2. Rest of Asia Pacific smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.4.9.3. Rest of Asia Pacific smart building market revenue, by applications, 2014 - 2024(USD Million)
  • 8.5. Latin America
    • 8.5.1. Latin America smart building market revenue, by automation, 2014 - 2024(USD Million)
    • 8.5.2. Latin America smart building market revenue, by services, 2014 - 2024(USD Million)
    • 8.5.3. Latin America smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.5.4. Latin America smart building market revenue, by Country, 2014 - 2024(USD Million)
    • 8.5.5. Brazil
      • 8.5.5.1. Brazil smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.5.5.2. Brazil smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.5.5.3. Brazil smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.5.6. Rest of Latin America
      • 8.5.6.1. Rest of Latin America smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.5.6.2. Rest of Latin Americasmart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.5.6.3. Rest of Latin Americasmart building market revenue, by applications, 2014 - 2024(USD Million)
  • 8.6. Middle East and Africa
    • 8.6.1. Middle East and Africa smart building market revenue, by automation, 2014 - 2024 (USD Million)
    • 8.6.2. Middle East and Africa smart building market revenue, by services, 2014 - 2024 (USD Million)
    • 8.6.3. Middle East and Africa smart building marketrevenue, by applications, 2014 - 2024(USD Million)
    • 8.6.4. Middle East and Africa smart building market revenue, by Country, 2014 - 2024(USD Million)
    • 8.6.5. GCC Countries
      • 8.6.5.1. Rest of Latin America smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.6.5.2. Rest of Latin America smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.6.5.3. Rest of Latin America smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.6.6. Southern Africa
      • 8.6.6.1. Rest of Latin America smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.6.6.2. Rest of Latin America smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.6.6.3. Rest of Latin America smart building market revenue, by applications, 2014 - 2024(USD Million)
    • 8.6.7. Rest of MEA
      • 8.6.7.1. Rest of Latin America smart building market revenue, by automation, 2014 - 2024(USD Million)
      • 8.6.7.2. Rest of Latin America smart building market revenue, by services, 2014 - 2024(USD Million)
      • 8.6.7.3. Rest of Latin America smart building market revenue, by applications, 2014 - 2024(USD Million)
•  
• Chapter 9. Company Profile
  • 9.1. Siemens AG
    • 9.1.1. Overview
    • 9.1.2. Financials
    • 9.1.3. Therapy portfolio
    • 9.1.4. Business strategy
    • 9.1.5. Recent developments
  • 9.2. ABB Group
    • 9.2.1. Overview
    • 9.2.2. Financials
    • 9.2.3. Therapy portfolio
    • 9.2.4. Business strategy
    • 9.2.5. Recent developments
  • 9.3. Cisco Systems
    • 9.3.1. Overview
    • 9.3.2. Financials
    • 9.3.3. Therapy portfolio
    • 9.3.4. Business strategy
    • 9.3.5. Recent developments
  • 9.4. Schneider SE
    • 9.4.1. Overview
    • 9.4.2. Financials
    • 9.4.3. Therapy portfolio
    • 9.4.4. Business strategy
    • 9.4.5. Recent developments
  • 9.5. United Technologies Corporation
    • 9.5.1. Overview
    • 9.5.2. Financials
    • 9.5.3. Therapy portfolio
    • 9.5.4. Business strategy
    • 9.5.5. Recent developments
  • 9.6. Buildingiq, Inc.
    • 9.6.1. Overview
    • 9.6.2. Financials
    • 9.6.3. Therapy portfolio
    • 9.6.4. Business strategy
    • 9.6.5. Recent developments
  • 9.7. Honeywell International
    • 9.7.1. Overview
    • 9.7.2. Financials
    • 9.7.3. Therapy portfolio
    • 9.7.4. Business strategy
    • 9.7.5. Recent developments
  • 9.8. IBM Corporation
    • 9.8.1. Overview
    • 9.8.2. Financials
    • 9.8.3. Therapy portfolio
    • 9.8.4. Business strategy
    • 9.8.5. Recent developments
  • 9.9. Johnson Controls
    • 9.9.1. Overview
    • 9.9.2. Financials
    • 9.9.3. Therapy portfolio
    • 9.9.4. Business strategy
    • 9.9.5. Recent developments
  • 9.10. Delta Controls
    • 9.10.1. Overview
    • 9.10.2. Financials
    • 9.10.3. Therapy portfolio
    • 9.10.4. Business strategy
    • 9.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Smart Building market. Zion Market Research has collected and analyzed key data belong to the global Smart Building market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Smart Building across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Smart Building industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Smart Building market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

• Demographic data: Population split into segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.